What is credit card repayment?

Credit card repayment means that when your credit card bill is not paid, the consumption from the credit card statement date to the repayment date will be included in the user's bill for the next month, and the amount consumed will be added Return it to the user's credit card, settle the bill, and the limit will be restored immediately. This cycle of operations will be repeated until the cumulative repayment amount reaches the current bill limit

It can be seen that during this repayment process, consumption That is the most important thing. In other words, whether the merchant you buy from is of high quality not only determines whether the user's credit card limit can be increased, but also whether the card will be blocked or reduced.

So choose a good repayment software when repaying a credit card. That's the key. For example, Didi Biou Credit Card Repayment APP, the merchants that handle bill consumption are based on the city selected by the user for real consumption at the merchants. The amount of each consumption is also randomly generated, and the random amount is real merchants. Such bills It is more in line with bank big data, improves bank ratings, and solves the problem of card maintenance while solving bills

I just heard about this from my colleagues two days ago, and I also took a closer look at it. software.

He is our local credit card repayment agent. It is said that he paid some agency fees to obtain this qualification. It seems quite formal. The software he represents is called "Dadaka Butler" ", I wonder if you have heard of it?

I checked online carefully and found out the origin of Dada Card Manager. It is a credit card manager independently developed by Shenzhen Qianhai Bama Technology Co., Ltd. It is a company focusing on mobile payment technology and comprehensive financial services. is a solution provider dedicated to providing cloud services such as mobile payment, O2O and finance to a large number of offline merchants. The Dadaka Manager is a mobile credit card management tool for convenient payment.

It means that it is a mobile APP. After downloading, the agent will give you a verification code to successfully authenticate. Then bind one of your credit cards and you can swipe the card through the mobile software. . If you need to repay it on your behalf, you can click on the repayment function on the software. It is said that if you repay it for 10,000 yuan, a fee of 85 yuan will be charged. Convenient, timely and safe, it’s a pretty good APP. The popular POS terminals currently on the market may be replaced by similar software in the near future. Of course, this software does not seem to be widely circulated at present, and there are many different voices on the Internet.

My suggestion is that it is better to consume credit cards in moderation, do not overspend, and repay on time according to the repayment period. If you are tight on money, you should consider that you will not have funds when you repay. Don't worry about what to do and overdraw your future funds.

The above is just my personal opinion, please use it with caution.

It is to find a credit card repayment platform online to help you pay off your bills. It is recommended that you use a reliable platform - Weixin Card Loan to make repayments on Weixin Card Loan. The maximum limit is 50,000 yuan based on personal credit assessment. All operations are done online. You can also apply via WeChat and repay in installments to help you maintain good credit.

How does credit card repayment work?

1. The specific method of repaying a credit card:

1. The cardholder must find a good account before the bill is due. An intermediary or individual who is responsible for the return.

2. Then both parties negotiate the repayment fee, which is usually about 1% of the repayment amount.

3. After agreeing on the handling fee, the repayment agency or individual will help you pay off the credit card bill.

4. Then use the POS machine provided by the other party to withdraw the same amount.

5. Finally, the cardholder pays the return fee to the returner.

Credit card agency still has certain risks. You must find a formal agency to avoid being defrauded of personal information and property.

2. What platforms are available to repay credit cards on your behalf?

1. Repay credit cards through JD Gold Bars

Everyone is familiar with JD Gold Bars, as long as If the user's credit score reaches the standard and meets the conditions, he or she can obtain a certain quota, and then apply for a loan within the quota, which can be directly transferred to the credit card. The interest during the activity is 0.45 per day.

2. Repay the credit card through Jiebei

There is a Jiebei in Alipay. Users with a sesame score of 650 or above have the opportunity to obtain a credit limit and apply for a loan in Jiebei to repay the credit card. , and then repay the money to the loaner. The daily interest rate is 0.4, which is lower than that of the bank.

3. Repay credit cards through Huanbei

Huanbei is a repayment product of Shanghai Shuhe Technology, which can help users repay credit cards in low-interest installments, and the users will then repay the money. Yes, and the interest you pay back is 50% off the minimum credit card repayment interest rate.

4. Repay the credit card through Shengbei

Shengbei is loaned by Harbin Bank. There are three loan periods of 3, 6, and 12 to choose from. The handling fee is paid by the bank. About 70% off.

Credit card agency still has handling fees and interest. You can try not to repay it on your behalf. You must also pay attention to whether the agency is reliable to prevent being cheated.

3. Credit card repayment means that when the cardholder’s credit card reaches the final repayment date and the cardholder is unable to repay the full amount and does not want to pay the bank’s high interest, in order to maintain a good balance sheet Credit card repayment records, entrusting others to repay credit card bills on your behalf. The cardholder then withdraws the repayment amount by swiping the card for consumption and returns the funds to the repayer. In fact, for banks, credit card agency is still an illegal operation. Because later repayments to the repayer may involve cashing out. In addition, credit card payment will only increase the repayment pressure for people with poor self-control.

What does credit card repayment mean?

Credit card repayment means finding a third party to repay the money on your behalf. The third party here refers to the intermediary agency. Credit card repayment is actually a third-party financial institution that provides repayment services, and the institution charges a certain handling fee. The cardholder then returns the repaid amount to the repayment agency by swiping the card for consumption. Credit card repayment service allows cardholders to maintain a good repayment record before the repayment date and does not need to bear additional late payment fees after the repayment date; the handling fees charged by third-party institutions are often less than bank late payment fees and interest, so there is no need to bear huge amounts The repayment fee is; and the credit limit will be restored again after the repayment, which is very convenient when swiping the card for consumption. However, it should be noted that credit card repayment is essentially very similar to credit card cash-out, so it is best not to try it.

Common credit card repayment operations are as follows

1. Offline credit card repayment. The operating principle is to use a credit card repayment agency or individual, and the repayment methods used are all lump sums. In layman's terms, the credit card repayment agency or individual helps you advance the funds to repay the credit card, and then immediately repay the credit card by swiping the card. The money is spent.

2. Credit card repayment APP. The principle is that two cards need to be bound, one is a credit card for repayment, which requires the cardholder to have a remaining credit limit of at least 500 yuan; the other is a savings card for collection. Based on the balance in the credit card, the number of repayments required is automatically calculated. For example, if the cardholder's current balance in the card is 500 and the repayment amount is 5,000, the cardholder needs to repay at least 10 times. Generally, credit card repayment platforms use this cyclic method to help cardholders settle their bills.

3. Loan and repayment APP. In the past two years, this kind of credit repayment app has become very popular. Many banks or non-bank institutions have successively launched such loan products. They will mainly evaluate and judge whether to lend to you based on the borrower's qualifications. Generally, after passing the review, the amount will be repaid directly to your credit card, and then you can repay it in monthly installments to the bank or institution.

Can someone else repay a credit card on my behalf?

Can someone else repay my credit card on my behalf?

Generally, manual credit card repayment requires you to bind and open a bank card with transfer function on mobile banking, and then repay the money to the corresponding account of the credit card. As long as the cardholder's name matches, it doesn't matter whose card it is.

Of course, it is best to use your own card to repay. If you frequently use other people’s bank cards to repay, the bank will question your repayment ability or use the card illegally, which will eventually lead to a reduction or card suspension. .

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

That’s it for the introduction to credit card repayment.